Portfolio Risk Analyst

Border to Coast Pensions Partnership; Leeds; Hybrid; GBP 55,000 - 70,000; Full time

Benefits offered by this job

Health insurance

Employee assistance programme

30 days holiday + bank holidays

Professional development (e.g. IMC)

Job summary

Border to Coast Pensions Partnership is seeking a Portfolio Risk Analyst in Leeds to shape and enhance portfolio risk analytics and support Asset Liability Modelling outputs as part of our governance and investment processes.

You will work with large datasets, validate data, and monitor key risks while contributing to the ongoing refinement of CMAs, liability data and risk attribution. Hybrid working and strong development opportunities are offered.

Qualifications

• Degree level (or equivalent) education.

Responsibilities

• Produce ALM/Asset Liability Modelling outputs for Partner Funds.
• Support refresh of Capital Market Assumptions and liability data.
• Analyze investment and liability data; monitor risks (inflation, interest, liquidity).
• Maintain and document ALM models, data, and methodologies.
• Develop analytical tools and improve modelling processes.

Skills

Analytical skills

Numerical ability

Problem solving

Data interpretation

Excel

Python

R

VBA

Power BI

Communication

Education

Bachelor’s degree or equivalent

CFA or FIA (preferred)

Tools

Python

R

VBA

Power BI

Excel

Job description

Competitive Salary + Benefits

Leeds

Permanent: 37.5 hours per week

Full time (we welcome flexible working discussions)

An opportunity to make a difference

At Border to Coast our purpose is to make a difference and we’re looking for a keen Portfolio Risk Analyst to join our award-winning team.

As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach. Our focus is to secure the pensions of over a million people who have provided valuable service to their communities and society. We’re the largest UK asset manager outside London or Edinburgh, and we provide innovative investments that deliver sustainable returns over the long term.

The role – what you’ll be doing

Join us as a Portfolio Risk Analyst and play a key role in a growing, high-performing team. You'll help shape and enhance portfolio risk analytics and contribute to the production of Asset Liability Management (ALM) results, helping to inform strategic advice while ensuring alignment with our investment processes, governance standards, and regulatory requirements.

Your role is hugely important and will include:

• Producing accurate, timely and well-documented Asset Liability Modelling outputs for Partner Funds as part of our strategic asset allocation processes.
• Working with the Portfolio Solutions Group and Advisory team to support periodic refresh of Capital Market Assumptions and Partner Fund liability data.
• Extracting, cleansing and analysing investment and liability data, while monitoring key risks such as inflation, interest, liquidity, scenario analysis, stress testing and risk attribution to support robust investment decision-making.
• Maintaining, validating, enhancing and documenting ALM models, data and methodologies, including benchmarking outputs, developing new analytical tools and improving modelling processes.

Your work will directly support our mission to deliver secure, sustainable investment for over a million pension scheme members.

About you - and the value you’ll bring to our team

We're looking for a highly analytical individual with a strong quantitative skillset and a passion for solving complex problems. You will be educated to degree level (or equivalent), working towards, or willing to work towards, a professional qualification such as CFA/FIA.

You’ll bring:

• Strong numerical, analytical and problem-solving skills, with the ability to interpret complex information, draw meaningful conclusions, and present clear, actionable insights to technical and non-technical audiences.
• Experience working with large datasets, including data extraction, manipulation and cleansing, with a disciplined approach to validation, reconciliation and quality control.
• Advanced Excel skills and experience of, or an interest in developing skills in, analytical programming and data visualisation tools such as Python, R, VBA and Power BI.
• Familiarity with quantitative risk and modelling techniques, such as Monte Carlo simulation, Value at Risk, stress testing, scenario analysis or time-series modelling.
• An understanding of, or interest in, long-term investing, portfolio construction, investment risk, asset liability modelling and strategic asset allocation, ideally within pension schemes, institutional investment management or the Local Government Pension Scheme.
• A proactive approach to learning and developing your technical knowledge, together with a commitment to responsible and sustainable investment and high levels of integrity and trustworthiness.

If you're motivated by solving complex analytical problems, improving decision-making through data and working collaboratively within a high-performing investment team, we'd love to hear from you.

Why join Border to Coast?

At Border to Coast, you will receive competitive remuneration and have access to excellent benefits:

• Vitality Health Insurance for all employees
• Employee Assistance Programme
• A generous holiday allowance of 30 days a year, plus bank holidays
• Professional Development including the opportunity to gain fully funded qualifications (e.g. IMC)
• Critical Illness Cover
• Pension scheme
• Stunning Leeds city centre location only a short walk to the train station
• Cycle to work scheme
• Life Assurance of 6 times of salary
• Sustainable travel plans
• Range of discounts for Leeds gyms, shops and restaurants
• Hybrid working
• Onsite gym

There’s also more information about pay and reward, careers at Border to Coast and how we work on our website Careers - Border To Coast - Work With Us

We welcome applications from people of all experience levels and backgrounds and value diversity of thought. We are committed to creating an inclusive and engaging workplace, ensuring that colleagues maintain a work life balance. We encourage colleagues to progress, be themselves and be their best through both personal and professional development.

We’re looking for people with the right values, behaviours, skills and experiences and if you meet some of the role’s criteria and are interested in finding out more about Border to Coast and the team, we’d love to hear from you.

About Us

Based in Leeds, Border to Coast is the largest LGPS (Local Government Pension Scheme) pool in the UK. It is owned by 18 Local Government Pension Schemes funds (‘Partner Funds’) which collectively represent over 5,000 employers and two million members.

The Partner Funds are Bedfordshire, Cambridgeshire, Cumbria, Durham, East Riding, East Sussex, Essex Hertfordshire, Kent, Lincolnshire, Northamptonshire, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear, Warwickshire and West Sussex.

The 18 Partner Funds have approximately £120bn of assets, strengthening the Border to Coast partnership’s ability to harness scale to be more effective, more resilient, and more impactful.

Border to Coast Pensions Partnership Ltd is authorised and regulated by the Financial Conduct Authority. Registered in England Number: (phone number removed) and Registered Office: 5th Floor, Toronto Square, Toronto Street, Leeds, LS1 2HJ